Which of the following is (are) not correct? A. U-rate in Japan > U-rate in France B. Employment - to - population ratio in Germany > Employment-to-population ratio in Japan C. Employment rate in France Germany D. All of the above are not correct. Employment rate in There is only one labor market in Profunctia. All workers have the same skill, and all firms hire workers with these skills. 10 wage 8 7 6 5 4 3 2 S D 10 20 30 40 50 60 70 80 90 hundreds of workers Note: E is where demand curve cuts supply curve. Which of the following statements is (are) not correct? OA. At E, 5,000 workers are employed. OB. At E, there is a surplus of labor and the structural unemployment rate is 10%. C. At E, 5,000 workers are unemployed. D. Both B) and C) are not correct.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....
Question
Which of the following is (are) not correct? A. U-rate in Japan > U-rate in France B. Employment - to - population
ratio in Germany > Employment-to-population ratio in Japan C. Employment rate in France
Germany D. All of the above are not correct.
Employment rate in
There is only one labor market in Profunctia. All workers have the same skill, and all firms hire workers with these skills.
10
wage
8
7
6
5
4
3
2
S
D
10
20 30 40 50 60 70 80
90
hundreds
of workers
Note: E is where demand curve cuts supply curve.
Which of the following statements is (are) not correct?
OA. At E, 5,000 workers are employed.
OB. At E, there is a surplus of labor and the structural unemployment rate is 10%.
C. At E, 5,000 workers are unemployed.
D. Both B) and C) are not correct.
Transcribed Image Text:Which of the following is (are) not correct? A. U-rate in Japan > U-rate in France B. Employment - to - population ratio in Germany > Employment-to-population ratio in Japan C. Employment rate in France Germany D. All of the above are not correct. Employment rate in There is only one labor market in Profunctia. All workers have the same skill, and all firms hire workers with these skills. 10 wage 8 7 6 5 4 3 2 S D 10 20 30 40 50 60 70 80 90 hundreds of workers Note: E is where demand curve cuts supply curve. Which of the following statements is (are) not correct? OA. At E, 5,000 workers are employed. OB. At E, there is a surplus of labor and the structural unemployment rate is 10%. C. At E, 5,000 workers are unemployed. D. Both B) and C) are not correct.
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